Franklin Covey (NYSE:FC) Receives "Outperform" Rating from Barrington Research

Franklin Covey (NYSE:FC - Get Free Report)'s stock had its "outperform" rating reissued by investment analysts at Barrington Research in a report released on Friday,Benzinga reports. They currently have a $45.00 target price on the business services provider's stock. Barrington Research's price objective indicates a potential upside of 55.23% from the company's previous close.

Separately, StockNews.com downgraded shares of Franklin Covey from a "strong-buy" rating to a "buy" rating in a research report on Monday, January 13th.

Franklin Covey Stock Performance

Shares of FC traded up $0.34 during mid-day trading on Friday, reaching $28.99. The company had a trading volume of 217,088 shares, compared to its average volume of 80,258. The stock has a market capitalization of $382.55 million, a P/E ratio of 19.72, a PEG ratio of 1.74 and a beta of 1.29. Franklin Covey has a 52-week low of $27.97 and a 52-week high of $44.46. The stock has a 50 day moving average of $33.45 and a two-hundred day moving average of $36.63. The company has a quick ratio of 0.94, a current ratio of 0.97 and a debt-to-equity ratio of 0.03.

Franklin Covey (NYSE:FC - Get Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.13). Franklin Covey had a return on equity of 25.23% and a net margin of 6.85%. On average, analysts expect that Franklin Covey will post 0.97 earnings per share for the current year.

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Hedge Funds Weigh In On Franklin Covey

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in shares of Franklin Covey by 178.9% during the third quarter. Barclays PLC now owns 33,499 shares of the business services provider's stock valued at $1,379,000 after acquiring an additional 21,489 shares during the last quarter. State Street Corp increased its position in shares of Franklin Covey by 2.4% during the third quarter. State Street Corp now owns 255,328 shares of the business services provider's stock worth $10,502,000 after purchasing an additional 5,955 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Franklin Covey in the 4th quarter valued at $2,186,000. BNP Paribas Financial Markets grew its holdings in shares of Franklin Covey by 146.2% during the third quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider's stock worth $527,000 after buying an additional 7,606 shares in the last quarter. Finally, Dean Investment Associates LLC purchased a new stake in Franklin Covey during the 3rd quarter valued at about $2,259,000. 69.88% of the stock is owned by hedge funds and other institutional investors.

About Franklin Covey

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.